ELECTRONIC ARTS REACHES AGREEMENT FOR RECOMMENDED ACQUISITION OF CODEMASTERS GROUP HOLDINGS PLC Leader in Interactive Entertainment & UK-Based Game Developer & Publisher Set to Thrill Racing FansAcquisition Agreement • December 14th, 2020 • Electronic Arts Inc. • Services-prepackaged software
Contract Type FiledDecember 14th, 2020 Company IndustryREDWOOD CITY, Calif.--(BUSINESS WIRE)-- Today, Electronic Arts Inc. (NASDAQ: EA) announced that it has reached an agreement with the Board of Codemasters for the recommended acquisition of Codemasters, the UK-based game developer and publisher. In the transaction, Codemasters' shareholders will be entitled to receive 604 pence (approximately US$7.98*) in cash for each ordinary share of Codemasters with an implied enterprise value of US$1.2 billion*. The acquisition is anticipated to be completed in the first quarter of calendar 2021.
Contacts:Acquisition Agreement • December 13th, 2020
Contract Type FiledDecember 13th, 2020Cat ChannonSr. Dir, Corporate Communications+41 754422274cchannon@ea.com John Reseburg VP, Global Communications 650-628-3601jreseburg@ea.com Chris EvendenVP, Investor Relations 408-627-0608cevenden@ea.com